In an electricity system, demand and supply have to be balanced in real time. Since most energy is traded before real … supply even if power plants deviate from their schedules, the system operator procures balancing capacity and energy in …-dominated electricity system using Switzerland as a case study. By using a short-term hydropower operation model and a set of Swiss …

-investment and inform closure choices and thus contribute to generation adequacy For load, mid-term contracts hedge energy (input …

Long-term energy contracts have featured prominently in many decisions of the European Commission to support the … opening of the electricity markets. Contracts were seen to foreclose the market hence the Commission comprehensively unwound … reflected in policy discussions. For example, most analysis of capacity mechanisms contrast the energy only spot market (day …

We present a bottom-up electricity market model for Switzerland called Swissmod. It includes a detailed electricity … interdependence of hydraulically coupled hydropower plants into account. In addition, the Swiss electricity network is represented … surrounding European electricity markets. The aim of this paper is to outline the model and calibrate it to 2012 data. …

This paper provides a description of ELMOD, a model of the European electricity market including both generation and … the physical transmission network (DC Load Flow approach). The model was developed at the Chair of Energy Economics and … combining electrical engineering and economics: its objective function is welfare maximization, subject to line flow, energy …

In an electricity system, demand and supply have to be balanced in real time. Since most energy is traded before real … supply even if power plants deviate from their schedules, the system operator procures balancing capacity and energy in …-dominated electricity system using Switzerland as a case study. By using a short-term hydropower operation model and a set of Swiss …

Renewable energy installations are rapidly gaining market share due to falling technology costs and supportive policies …. Meanwhile, the energy price crisis resulting from the Russian-Ukrainian war has shifted the energy policy debate toward the … question of how consumers can benefit more from the low and stable generation costs of renewable electricity. Here we suggest a …